No. 41439 (5-year Review): Rule R590-85. Individual Accident and Health Insurance and Individual and Group Medicare Supplement Rates

DAR File No.: 41439
Filed: 04/04/2017 12:59:08 PM

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Subsection 31A-2-201(3)(a) authorizes the commissioner to write rules to implement the provisions of Title 31A, the Utah Insurance Code. Section 31A-2-201.1 authorizes the commissioner to write rules to provide specific requirements for the filing of rates. Subsections 31A-22-605(4)(e) and 31A-22-620(3)(e) establish minimum loss ratios and implement procedures for filing of all individual accident and health insurance rates and of all Medicare supplement premium rates, including the initial filing of rates and any subsequent rate changes.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

The department has received no written comments regarding this rule during the past five years.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

This rule provides standards for rating certain policies. It allows insurers to request increases as necessary to maintain a viable block of businesses and to protect consumers against unfair pricing of policies. Therefore, this rule should be continued.

The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:

Insurance
Administration
Room 3110 STATE OFFICE BLDG
450 N MAIN ST
SALT LAKE CITY, UT 84114-1201

Direct questions regarding this rule to:

• Steve Gooch at the above address, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at [e-mail]

Effective:

04/04/2017

Authorized by:

Steve Gooch, Information Specialist

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